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The last nine months have been rough ones for 150 Bond Street. The Boerum Hill single-family house hit the market last April with a price tag of $2,495,000. Since then, it’s undergone six price cuts, including one last week that brought the asking price to $1,795,000. The combination of the declining market and the fact that the house is currently gutted must have been too much for buyers. The location and the three-car garage, however, have to start looking good at some point here. What price do you think gets this deal done?
150 Bond Street [CBHK] GMAP P*Shark
Open House Picks: Price Cut Edition [Brownstoner]
Houses of the Day: A Couple of Price Cuts [Brownstoner]
House of the Day: 150 Bond Street [Brownstoner]
150 Bond Price History [StreetEasy]

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What's Your Take? Leave a Comment

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  1. This is a really nice property.
    I see nothing wrong with it.
    And I understand the demo phase of the reno is complete.
    I bet the landmarks commission would let you add a second story to the garages if it is designed nicely -maybe a mansard?

  2. i went to an open house on this one in the fall. If i remember correctly the 3800 sqft. corresponds to the approved expansion plan. This includes a potential built out area over the garage. I thought it was pretty lame to be claiming possible square footage instead of actual even if the permits and plans are in order.

  3. Fair enough Waz, but I’m speculating that could have something to do with its sitting for so long. It has an “exposed” feel when on that corner, at least when we’ve wandered about, as compared to being on Dean or Pacific btwn Hoyt and Bond or Nevins.

    I think these folks spent a fair amount on plans and architects as well. May be trying to re-coop at least some of that.

  4. noklissa–I used to visit this house all the time when my friends lived there and it was a great location. I am in agreement that these people are on crack if they think they can get this amount for a shell of a house but for me anyway, the fact that there is public housing near by is not the reason this is overpriced. People are always so fast to mentioned projects and I think this is ridiculous.

  5. I don’t know that the “one block from the pj’s” has no bearing on this one. Because it is on a corner lot, and on the main thoroughfare for walking, biking or driving between Flatbush and said projects, it doesn’t have a nestled-in-Boerum-Hill feel.

  6. all of upper smith street is “one block from the PJ’s”

    its a smaller block tho.

    I walk by this house every month or so and always think to myself how great it is. I really love this area. Too bad rentals in the area are weirdly high and few and far between.

  7. “Catch: One block from the PJ’s. Someone would take a chance on it for $1M.”

    Projects have nothing to do with it. Practically any home you find in Boerum Hill is close to the projects. This is a good location.

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